foreclosures: FHA- Funds to Close
- 10/08/15 08:16 AM
Many FHA buyers do not have a lot of money when purchasing their first home. Nothing wrong with that. Nothing to be ashamed of. It is just life. But if you are one of those buyers, please remember: you have to bring to closing at least 3.5% of the purchase price. So if you are purchasing property for $100,000, you have to have at least $3,500.00. At least, because on top of that you will have your pre-paids and closing costs. Prepaids are Real Estate Taxes and Homeowner Insurance that your lender will ask you to deposit with them (between few months … (1 comments)
foreclosures: Changes are Almost Here
- 09/30/15 07:37 AM
October Third 2015 new rules will govern Real Estate transactions that involve financing. As buyer you will see more clarity, because your lender has to disclose all the numbers (closing costs) to you at the beginning of the process. New rules will allow more time for buyers to review those numbers. I am not saying that there is nothing good here. I am happy that buyers will be protected. But as we are sharing good news, let’s talk about headaches. If you were able to make offer on property and move into your home in 30 to 45 days, you can probably … (1 comments)
foreclosures: FHA Appraisal Is Important
- 09/23/15 09:09 AM
Appraisal could be deal breaker. Of course that is true in any Real Estate transaction where lender is involved. But in FHA stakes are a little bit higher. Do not forget that you are borrowing 96.5% of the house value. So both: bank and government (who insures loan for your lender) want to make sure that contract price equals value. Also, don’t be surprised if value comes exactly at contract price. This is something I don’t understand myself, but very rarely Appraiser puts higher value in evaluation. And unfortunately in rising market it happens that value actually comes lower than purchase … (2 comments)
foreclosures: Getting FHA Loan? Condition of Property Matters
- 09/01/15 03:24 AM
You can’t buy property with FHA financing to use it as vacation home or investment property. Government (Federal Housing Administration) insures loan for lender, because lender is taking great risk giving you loan with only 3.5% down payment coming from you. So this loan can be used only to purchase home you will be living in. And if there is any indication based on contract or evaluation, that home is not safe and/or ready to be lived in (that is what underwriter decides), you will not be able to purchase property without repairs. And sometimes those could be visible issues (like broken … (2 comments)
foreclosures: 4/2/2 Upgraded Home in SW Port St Lucie
- 08/19/15 02:31 AM
1002 SW Barbarosa $176,000 4 bedrooms, 2 bathrooms, 2 car garage; On corner lot; Fenced backyard; CBS construction; Hurricane shutters. Inside: Vaulted ceilings; Tile and laminate throughout; Stainless steel appliances in kitchen; High end washer/dryer; Upgraded light fixtures; Dual sinks in master bathroom; Wide blinds throughout; Security system owned. Call Anna Chroscicki with RE/MAX Masterpiece Realty at 772-485-4188 or email anna@annasellsrealestate.com.
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foreclosures: Buying Home With FHA Loan
- 08/10/15 06:17 AM
I have been selling Real Estate since year 2000. I guess if you have been working with buyers/sellers for so long, it is easy to forget that not everybody knows everything about process. It could be especially challenging for first time home buyers, not only because...well...it is their first time, but also, because getting loan as first time home buyer is little bit more difficult. So, I prepared series of short articles that hopefully will tell what to expect from FHA financing: 1) Ask about your “to close” numbers up front. You may be surprised that not only you have to bring … (0 comments)
foreclosures: 4/3/2 With Pool in SW Port St Lucie
- 07/21/15 05:27 AM
986 SW Eureka Ave $180,000 4 bedrooms, 3 full bathrooms, 2 car garage Great home for the price. It features: Newly remodeled kitchen; Black appliances; Laminate and tile floors throughout the home; Fresh, neutral paint; 2 master bedroom suites (one in the back features its own AC and water heater); Cabana bath; Vaulted ceilings. Large in ground swimming pool is screened (new screen). Conveniently located just few minutes from I-95...Quiet neighborhood but walking distance to shops and restaurants. Call Anna Chroscicki at 772-485-4188 or email anna@annasellsrealestate.com to schedule viewing or for more information.
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foreclosures: Technology in Real Estate
- 07/14/15 07:27 AM
We complain all the time about how technology runs our world/time. It gets little bit overwhelming when you know that buyer/seller left voice mail for you and you know that you should be calling back within few minutes. But most of the time technology makes our Real Estate Lives that much easier. Example: If you (Real Estate Agent) received offer on property 10 or 15 years ago and you were on vacation, you would have to ask somebody in your office to either email you this offer (if you were lucky enough to have laptop and internet in hotel) or fax it … (2 comments)
foreclosures: Two Story Home in Move in Condition
- 07/07/15 05:54 AM
213 SW Exora Ter Priced at $240,000 3 bedrooms , 2 full bathrooms,1 half bathroom downstairs, 2 car garage; Living room downstairs; Large den upstairs; Large mud room; 9 foot ceilings; Master and guest bathrooms feature dual sinks; In master bathroom also separate shower and roman tub; Master bedroom- tray ceilings; All appliances stay with home. Outside: Accordian shutters; Sprinkler system on well water; Covered patio; Paved walkway around house; Fruit trees. Home is in move in condition. Visit www.annasellsrealestate.com E-mail anna@annasellsrealestate.com Call 772-485-4188
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foreclosures: Getting Mortgage with Foreclosure in past when Spuse only affected
- 02/13/13 06:28 AM
I am sure that there is more and more buyers that are already aware on that, but I still meet homeowners who have this scenario in their head : " Well....we own property and this property is upside down on the mortgage. But good news is, only my husband is the one whose name is on Note. So my credit is fine. Just to make sure that all is well, I will "quick claim" property into his name, because I just remembered that at closing I had to sign Mortgage as wife. They told me ( Title Company, Realtor, Mortgage Lender) that that … (2 comments)
foreclosures: BAD MARKET ? I THINK NOT !
- 07/27/11 07:11 AM
I AM STARTING TO THINK THAT THERE IS NO SUCH THING AS BAD MARKET, BUT ONLY "BAD" PRICES. I LISTED THIS HOUSE - $80,000, OLDER HOME, NOT TOO BIG, 3/2/2. FOR ANYBODY IN THIS AREA IT WOULD BE JUST AVERAGE LISTING ( NOT SHORT SALE OR FORECLOSURE AND DEFINITELY NOT UNDER-PRICED). I RECEIVED FULL PRICE OFFER ON THIS HOUSE IN THREE DAYS, WE CLOSED IN ONE MONTH AND FEW DAYS. NOTHING CHANGED HERE IN PORT SAINT LUCIE, FL LATELY. WE DID NOT GET ANY BIG SHOTS OF EMPLOYMENT OPPORTUNITIES, SO WHAT WOULD BE REASON FOR THIS MOVEMENT. I THINK THERE IS … (1 comments)
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